JSF Financial LLC Has $1.31 Million Holdings in Braze, Inc. $BRZE

JSF Financial LLC lowered its position in shares of Braze, Inc. (NASDAQ:BRZE) by 8.4% during the second quarter, Holdings Channel.com reports. The firm owned 46,558 shares of the company’s stock after selling 4,285 shares during the quarter. JSF Financial LLC’s holdings in Braze were worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its holdings in Braze by 3.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 126,816 shares of the company’s stock valued at $3,564,000 after buying an additional 4,225 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Braze by 6.3% during the 1st quarter. Rhumbline Advisers now owns 93,189 shares of the company’s stock valued at $3,362,000 after acquiring an additional 5,532 shares during the period. Strs Ohio bought a new stake in shares of Braze during the 1st quarter valued at $220,000. Intech Investment Management LLC raised its stake in Braze by 18.8% in the first quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock valued at $1,453,000 after purchasing an additional 6,379 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Braze in the first quarter valued at about $691,000. 90.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on BRZE shares. Canaccord Genuity Group reissued a “buy” rating and issued a $43.00 target price on shares of Braze in a report on Friday, September 5th. UBS Group lowered their price target on Braze from $48.00 to $43.00 and set a “buy” rating for the company in a report on Friday, September 5th. Barclays lifted their target price on Braze from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. DA Davidson reissued a “buy” rating and issued a $40.00 price objective on shares of Braze in a research note on Friday, September 5th. Finally, Cantor Fitzgerald upped their price target on shares of Braze from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Nineteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.11.

Braze Trading Up 2.5%

Shares of Braze stock opened at $28.42 on Friday. The stock has a fifty day simple moving average of $28.40 and a 200 day simple moving average of $30.33. Braze, Inc. has a 12-month low of $23.91 and a 12-month high of $48.33. The company has a market capitalization of $3.16 billion, a P/E ratio of -27.33 and a beta of 1.10.

Insider Buying and Selling

In related news, CTO Jonathan Hyman sold 8,918 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total transaction of $231,332.92. Following the completion of the sale, the chief technology officer owned 205,106 shares in the company, valued at approximately $5,320,449.64. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Astha Malik sold 13,049 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total transaction of $338,491.06. Following the transaction, the insider directly owned 236,930 shares of the company’s stock, valued at $6,145,964.20. This represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,798 shares of company stock valued at $2,158,088 over the last quarter. Corporate insiders own 18.20% of the company’s stock.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.